General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsWhere in the tax plan does it say wages must increase?
The bullshit I hear from the Trump spokespeople is uncanny. They must think we're all morons.
Corporate tax cuts are written in the bill, estate tax elimination is written in the bill, lower rates for the rich are written in the bill.
If the bill passes, they tell us, then the average, working American gets a $4,000 wage increase, but that's not written in the bill, that's just supposed to happen through osmosis.
I work in the union Collective Bargaining Agreement business. Let me tell you that very rarely does any business pay a worker more than they have to. Without union contracts, only competition can increase wages, not the goodness anybody's heart. With unemployment at 4.2%, if wages haven't increased as a result of supply and demand, giving more money to Wal-Mart or McDonald's won't make them pay more. Either a union or minimum wage laws will increase wages. Tax cuts for the wealthy never have and never will result, by themselves, in higher wages.
Wounded Bear
(58,648 posts)Still In Wisconsin
(4,450 posts)is give the "help" a nice big raise.
My daughter is a dancer, which means she is also a waitress. I'm sure she will be getting YUUUUUGE tips from all of the wealthy patrons once this passes.
Angry Dragon
(36,693 posts)louis c
(8,652 posts)Do everything we say and give us all your money and you'll get your reward after your dead.
Gothmog
(145,176 posts)dawg
(10,624 posts)You should be ashamed!
louis c
(8,652 posts)they "figure why should we pay any more than we have to".
there was a time when nearly every company had a social contract with America's working class. It probably was a remnant left over after WWII.
It never existed before then and it has worn off over time.
haele
(12,650 posts)Yes, there are times when a corporate tax cut might be good for the general economy to kickstart a sluggish business investment environment, but most times, if you give corporations a tax cut that is not directly the lessening of some sort of emergency tax that was imposed due to a disaster, they bank it.
Ask a corporation - "If the government just lowers your tax rate, will you hire more people?"
The answer is "Do I need to hire more people to improve production? If not, heck no."
And "If the government just lowers your tax rate, will you raise wages or improve benefits?"
The answer is "No. Wages and Benefits are between me and my employees. I pay what I need to pay to keep the 'good people' I already have."
Unless you link tax cuts or tax rates to employee wages and benefits, tax cuts are not going to help the average working Jane or Joe at all. Tax cuts also aren't going to help innovation unless they're tied to either capital improvement or R&D.
Tax cuts are just going to improve the revenue line for the shareholders and the executive bonus board.
Haele
Vinca
(50,269 posts)imanamerican63
(13,787 posts)JustABozoOnThisBus
(23,339 posts)Multi-million dollar raises for CEOs and other executives. Zero raises for the workers. Walla! $4000 average increase!
TheFrenchRazor
(2,116 posts)mopinko
(70,090 posts)pay minimum wage- pay higher taxes.
pay x times minimum- pay x lower taxes.